Nafcub: Mantri demands hike in fund allocation

NAFCUB government nominee Ramesh Mantri used the occasion of meeting with Union Minister of State for Agriculture Parshottam Rupala to demand hike in allocations being given to apex cooperative federations. Recent years have seen a significant reduction in them leading to hardship in these co-operative organizations.

The central government should have a department responsible for monitoring the activities of Multi-State Cooperative Credit Societies and Credit Coop societies said NAFCUB government nominee Ramesh Mantri in his meeting with Minister.

Talking to this correspondent, Mantri said “I briefed the Minister on several issues related to cooperative banks and demanded an increase in the fund released by the government for training programmes at NAFCUB, an apex body of Urban Cooperative Banks.

The government should increase the fund limit from about 30 lakhs to one crore at least for the training purposes of NAFCUB said Mantri who was also the Chairman of Nagpur Nagrik Sahakari bank for more than ten years.

Nafcub represents more than 1700 urban cooperative banks and thousands of credit co-ops in the country.